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of Contents](#toc)\n\n \n\n**UNITED STATES\nSECURITIES AND EXCHANGE COMMISSION\nWashington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n**(Mark One)**\n\n \n\n \n☒\n**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**For the quarterly period ended April\n30, 2026**\n\n \n\nor\n\n \n\n \n☐\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**For the transition period from __________\nto __________**\n\n** **\n\n**Commission File Number 1-3647**\n\n** **\n\n**J.W. Mays, Inc.**\n\n*(Exact Name of Registrant as Specified in its\nCharter)*\n\n \n\n**New York**\n \n**11-1059070**\n\n*State or Other Jurisdiction of Incorporation or Organization*\n \n*I.R.S. Employer Identification No.*\n\n \n \n \n\n**9 Bond Street, Brooklyn, New York**\n \n**11201**\n\n*Address of Principal Executive Offices*\n \n*Zip Code*\n\n* *\n\n*Registrant’s Telephone Number, Including\nArea Code* **(718) 624-7400**\n\n** **\n\n**Securities registered pursuant to Section 12(b)\nof the Act:**\n\n \n\n*Title of each class*\n \n*Trading Symbol(s)*\n \n*Name of each exchange on which registered*\n\n**Common Stock, $1 par value**\n \n**MAYS**\n \n**NASDAQ**\n\n \n\nIndicate by check mark whether\nthe registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the\npreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such\nfiling requirements for the past 90 days. Yes ☒** **No ☐\n\n \n\nIndicate by check mark whether\nthe registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T\n(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit\nsuch files). Yes ☒ ** **No ☐\n\n \n\nIndicate by check mark whether\nthe registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging\ngrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting\ncompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer ☐\nAccelerated filer ☐\nEmerging growth company ☐\n\nNon-accelerated filer ☒\nSmaller reporting company ☒\n \n\n \n\nIf an emerging growth company,\nindicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial\naccounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether\nthe registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐** **No\n☒\n\n \n\nThe number of shares outstanding of the registrant’s\ncommon stock as of June 11, 2026 was 2,015,780.\n\n \n\n \n\n[Table of Contents](#toc)\n\n**Table of Contents**\n\n** **\n\n**J. W. MAYS, INC.**\n\n \n\n**INDEX**\n\n \n\n \n \n**Page No.**\n\n[Part\nI - Financial Information:](#ab_001)\n \n \n\n \n \n \n\n[Item\n1. Financial Statements](#ab_002)\n \n[3](#ab_002)\n\n \n \n \n\n[Consolidated\nBalance Sheets (Unaudited) – April 30, 2026 and July 31, 2025](#ab_003)\n \n[3](#ab_003)\n\n[Consolidated\nStatements of Operations (Unaudited) – Three and nine months ended April 30, 2026 and 2025](#ab_004)\n \n[4](#ab_004)\n\n[Consolidated\nStatements of Changes in Shareholders’ Equity (Unaudited) – Three and nine months ended April 30, 2026 and\n2025](#ab_005)\n \n[5](#ab_005)\n\n[Consolidated\nStatements of Cash Flows (Unaudited) – Nine months ended April 30, 2026 and 2025](#ab_006)\n \n[6](#ab_006)\n\n[Notes\nto Consolidated Financial Statements (Unaudited)](#ab_007)\n \n[7 - 15](#ab_007)\n\n \n \n \n\n[Item\n2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ab_008)\n \n[16 -\n20](#ab_008)\n\n \n \n \n\n[Item\n3. Quantitative and Qualitative Disclosures About Market Risk](#ab_009)\n \n[20](#ab_009)\n\n \n \n \n\n[Item\n4. Controls and Procedures](#ab_010)\n \n[20](#ab_010)\n\n \n \n \n\n[Part\nII - Other Information:](#ab_011)\n \n \n\n[Item 1. Legal Proceedings](#ab_012)\n \n[20](#ab_012)\n\n[Item\n1A. Risk Factors](#ab_013)\n \n[20](#ab_013)\n\n[Item\n2. Unregistered Sales of Equity Securities and Use of Proceeds.](#ab_014)\n \n[20](#ab_014)\n\n[Item\n3. Defaults Upon Senior Securities](#ab_015)\n \n[20](#ab_015)\n\n[Item\n4. Mine Safety Disclosures](#ab_016)\n \n[20](#ab_016)\n\n[Item\n5. Other Information](#ab_017)\n \n[21](#ab_017)\n\n[Item\n6. Exhibits](#ab_018)\n \n[21](#ab_018)\n\n \n \n \n\n[Signatures](#ab_019)\n \n[22](#ab_019)\n\n \n\n-2-\n\n[Table of Contents](#toc)\n\n**Part I - Financial Information**"}